Shafaq News/ On Monday, the Iraqi President, Abdul Latif Jamal Rashid, denounced the statements of the Republican Representative in the US Congress, Mike Waltz, towards the Head of the Iraqi Supreme Judicial Council, Judge Faiq Zaidan.
Rashid said in a statement, "The statements (of Waltz) do not only affect the person of the President of the Supreme Judicial Council but also the independence of the Iraqi judiciary, which is a fundamental pillar of the state."
"The Iraqi judicial system is considered one of the most solid independent judicial systems in the region. It is the guarantor of justice, supports the rule of law, and guarantees the legitimate rights of citizens to a free and dignified life. The security and political stability that Iraq is witnessing is clear evidence of that," he pointed out.
He further stated that "the repetition of such irresponsible statements may affect the nature of bilateral relations between Iraq and the United States."
Republican Representative Mike Waltz, a member of the Armed Services and Foreign Affairs Committees in the House of Representatives, intends to submit an amendment to a draft law that would consider the Supreme Judicial Council and its president "as assets controlled by Iran," according to a report published by the Washington Free Beacon website.
"Faiq Zidan, President of the Iraqi Supreme Judicial Council, is at the center of Iran's plot to turn Iraq into a client state. The first step in dismantling the Ayatollah's network of control is to clearly name who is doing his bidding," Waltz posted on X.
Acting Speaker of the Iraqi Parliament Mohsen Al-Mandalawi denounced Waltz's proposed amendment to a law that includes a clause concerning Zidan. Al-Mandalawi labeled the proposal a "serious precedent."
Al-Mandalawi called on Iraq's Ministry of Foreign Affairs to take diplomatic action, conveying Iraq's unanimous rejection of such "insulting interventions" purportedly driven by foreign influence through a US congressman.
In turn, the Iraqi Ministry of Foreign Affairs affirmed on Saturday its rejection of the statements of US Representative Mike Waltz against the head of the Supreme Judicial Council, noting that they represent "blatant interference in Iraqi affairs."
S&P Global Ratings announced it is joining Singapore’s Project Guardian which explores tokenization, mainly on public blockchain. The initiative includes 18 financial institutions and regulators, including the Monetary Authority of Singapore (MAS), the UK’s FCA, Switzerland’s FINMA and Japan’s FSA. The stated goal of MAS is to free up liquidity, create investment opportunities and improve the efficiency of financial markets.
The three Guardian themes are FX, fixed income and asset management. S&P Global will participate in the fixed income workstream. It aims to develop “analytic frameworks, assessments and benchmarks” for digital assets. It was one of the first to take on a DeFi client in 2022, providing a rating for Compound Prime, an affiliate of Compound Labs. Late last year it published stablecoin ratings.
“Recent innovations in digital bonds and tokenized treasuries have highlighted the potential of digitalization to transform capital markets. We aim to bring our risk perspective and insights to this forum to support robust risk mitigation as this technology is applied in financial markets,” said Andrew O’Neill, Digital Assets Analytical Lead, S&P Global Ratings.
At least eight of the participants are running trials linked to fixed income, including Citi, DBS, JP Morgan, SBI, SGX, Standard Chartered, T Rowe Price and UBS.
Iraq's PM forms committee to tackle land acquisition for development road project
Shafaq News/ Iraqi Prime Minister Mohammed Shia' al-Sudani on Sunday established a committee to address land acquisition challenges for the "Development Road" project, a press release by his bureau said on Sunday.
The committee, according to the press release, will focus on preparing land registry maps, verifying ownership and legal status of properties along the route, and facilitating their acquisition by the Ministry of Transport.
The committee will comprise representatives from relevant government agencies including the General Railways Corporation, Real Estate Directorate, General Survey Authority, Agricultural Lands Directorate, General Municipalities Directorate, and Roads and Bridges Directorate, the press release added.
Prime Minister al-Sudani also ordered the committee to address requirements outlined during a ministerial meeting of the quadripartite committee formed under a memorandum of understanding between Iraq, Turkey, Qatar, and the United Arab Emirates.
Originally conceived in the 1980s, and then known as the "Dry Canal" corridor, the $17 billion Development Road project envisions the construction of approximately 1,200km of two-way rail tracks and a new motorway, stretching from al-Faw in Basrah to the Turkish border in the north. This route traverses Basrah, al-Diwaniyah, Najaf, Karbala, Baghdad, and Mosul, establishing a land corridor that connects Baghdad and Ankara.
Since taking office in October 2022, al-Sudani has been a vigorous champion of the Development Road, regarding it as a pivotal driver for Iraq’s economic progress, for bolstering the nation’s global market linkages, and for generating new sources of revenue and job creation. During the May 2023 Arab League summit in Jeddah and during visits by al-Sudani to the UAE and Turkiye, Iraqi officials lobbied for the project. That month, Baghdad hosted a conference to introduce the Development Road to transport ministers and officials from regional countries and seek their backing. Al-Sudani highlighted the project’s significance as a "pillar for a sustainable, non-oil economy, and a link that serves Iraq’s neighbors and the region."
💢Ana, Liberty Lounger Extraordinaire, fluent in Portuguese and Spanish, has listened to and translated the highlights of the conference call which Mr Salvage shared with the family, which took place in Brazil on 6.24.24.
I thought it was interesting and that you'd enjoy reading this for connecting data points.
Please do not, however, consider this triple vetted by Ginger. This should be viewed as a helpful add to the conversation and we're watching, together, how things will play out.
😁 Thank you Ana & Mr Salvage for your combined efforts to educate the GLL 💜
💢Ana M: Hi Gin Gin, here's the Summary of the meetings that Mr. Salvage had - and some audios that were broadcast on the morning of June 24th, Monday.
Everything is very advanced, thanks to a lot of work that was done last week, which was huge. Everything is moving very quickly to release the blocks on all procedures for the start of 4B notifications, remembering that American institutions have already made notifications for the first group, which is group 4A and a small group of 4B, not reaching 10%.
Everything is happening at the same time in this giant operation, part of the Operation Storm, we observe that a huge turmoil is already happening on the planet, one of these events and many that we talked about are also yet to happen, which is this big internet blackout.
The Alliance is working very well. The White Hats are in control, the agony of the forces that oppresses the world is being completely revealed, everything is becoming clear. With each passing day more truths are coming to light so you can understand how hard and well they have been working.
The launch of the RV was slowed down due to many hacker attacks, as always, it is a process that requires absurd logistics and this launch of the global currency reset is a military operation, we cannot forget that. It's not simply being called and dealing with paperwork is not that simple, these logistics are military and that means no one knows what is happening and what will happen because all of this is very secret. Many people are desperate thinking it won't happen but it will, trust the plan, so we have to reassure ourselves. We are observing gigantic chaos but this reset will happen.
The United States is under pressure to deliver the tier 4B launch, according to the information we have and this information is exclusively military.
RV is being negotiated on forex. The release of funds also comes directly from the United States Treasury's Department of Defense Operations. This means that the funds will go into global operation and this is a huge job.
We have also been told that bondholders will be given access to their funds, as many have already been notified in the United States. Nothing has been released yet but everything is ready. The logistics are military and this has to come from the United States, as they were the precursor of this entire movement for liberation and redemption.
Processes are being strangled in every way, with cyber attacks. We need them to issue these notifications of the second part of levels 4B soon, we are in a chronogram at the moment. The OK for release has already been given on a global scale. It's a very smart plan, it's something that will surprise us.
Wells Fargo and HSBC are leading these operations of all these processes in the world, so there are local institutions in other countries that are already connected and are already ready for global notifications and with access to all Treasury departments in different countries around the world. All these banks have signed confidentiality agreements (NDA) so it is normal for everything to be silent.
This week, we hope to have a lot of news because since last week, work has been very busy with good prospects, so this week we believe that the information will improve even more. Stay strong because we are reaching the finish line. Nesara/ Gesara is taking place in the United States, and it is a very important step for humanity.
Wells Fargo and HSBC are already financing the first layer that exists between 4 and 4B. 4B is the completion of 4A and 4A is already defined, so notifications from 4B begin an information process for Pay Masters, so level 4B is already receiving account movement. All Zim funds will be placed into QFS accounts. Digital backed gold is also implemented in these systems. 1% of the funds will be released when they start paying.
Let's wait, this week we will certainly have a lot of information about GCRV. One thing is certain, the work has been very hard and we have no doubt about what is happening. There was an interruption at the beginning of the month but the RV movement is progressing substantially and constantly, there is the turmoil of attacks but it is happening, the movements are being authorized with certainty. It needs adjustments related to the communication of systems that have already been made and it is all very intense but it is happening. In the global project, in the notifications, we cannot forget the German titles that are in the queue, followed by the Zim and the English titles. TR confirmed that they have been notified that they will be paid as soon as possible and this week promises a lot. They started the negotiations with Forex so this week we will have a lot of information for you.
Iraq's oil exports to US soar: exceed 10 million barrels
Shafaq News/ The US Energy Information Administration (EIA) announced on Monday that Iraq exported more than ten million barrels of crude oil and its derivatives to the United States in April 2024.
The Administration's data showed that Iraq's exports of oil and its derivatives last April amounted to 10.512 million barrels, an increase of 3.437 million barrels from what they recorded last March (7.075 million barrels).
The Administration stated that OPEC's crude oil exports and its derivatives to the United States last April amounted to 40,695 thousand barrels, with Saudi Arabia topping the list with 11,275 thousand barrels during the same period.
Iraqi oil exports to the United States have increased markedly over recent years, with export numbers in some months reaching record levels, partly due to Iraq's ability to increase its oil production and the rise in global demand for oil.
Oil trade relations between Iraq and the United States play an important role in strengthening economic ties between the two countries and contribute to enhancing the stability of the global oil market and providing energy to the US and global economies.
Notably, Iraq is the second-largest producer in OPEC after Saudi Arabia.